Suppose an individual were to win $1,000 in Las Vegas. The permanent-income hypothesis predicts that the individual would NOT be likely to
A) put his winnings in the bank.
B) throw a party.
C) buy a dishwasher.
D) purchase some shares in a corporation.
B
You might also like to view...
An increase in disposable income ________
A) has no effect on the supply of loanable funds curve B) shifts the supply of loanable funds curve rightward C) shifts the supply of loanable funds curve leftward D) results in movement up the supply of loanable funds curve
Refer to Table 20-15. Looking at the table above, real average hourly earnings in 2014 were
A) $9. B) $9.52. C) $10. D) $12.63.
An improvement in technology that increases the marginal product will shift the demand for labor curve to the left
a. True b. False Indicate whether the statement is true or false
Refer to the above graphs. Which graph would not be a possible depiction of short-run or long-run outcomes for a monopolistically competitive firm?
A. A. B. B. C. C. D. D.